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BG Group, Glaxo, Prudential, RBS: U.K., Irish Equity Preview

By Ben Martin

Oct. 28 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in U.K. and Irish markets today. Stock symbols are in parentheses and prices are from the last market close.

The benchmark FTSE 100 Index rose 9.23, or 0.2 percent, to 5,200.97. The FTSE All-Share Index advanced less than 0.1 percent and Ireland’s ISEQ Index fell 1.1 percent.

BG Group Plc (BG/ LN): The U.K.’s third-largest natural-gas producer said third-quarter total operating profit was 856 million pounds. The shares advanced 9 pence, or 0.8 percent, to 1,132.5 pence.

BP Plc (BP/ LN): Europe’s second-largest oil company may cut 600 jobs in Germany, Westdeutsche Allgemeine Zeitung reported, citing the head of BP’s German unit.

The shares were raised to “neutral” from “sell” at Goldman Sachs Group Inc. and cut to “hold” from “buy” at Citigroup Inc. The stock rose 27.3 pence, or 4.8 percent, to 594.4 pence.

British American Tobacco Plc (BATS LN): The maker of Lucky Strike cigarettes said revenue “grew strongly” in the first nine months of the year at constant exchange rates. The shares climbed 11 pence, or 0.6 percent, to 1,990.5 pence.

Carpetright Plc (CPR LN): Britain’s largest carpet retailer said sales at U.K. and Irish stores open at least a year rose 5.6 percent in the 12 weeks to Oct. 24, and that it expects its half-year profit performance to be ahead of expectations. The stock rose 11 pence, or 1.2 percent, to 900 pence.

Centrica Plc (CNA LN): The energy company said it will invest 725 million pounds to build an offshore wind farm. The shares added 3.5 pence, or 1.5 percent, to 244.2 pence.

CSR Plc (CSR LN): The U.K. maker of microchips used in Nokia Oyj mobile phones is seeking acquisitions as it plans to expand into near-field communications, the technology used in payment systems such as London’s Oyster card, the Financial Times reported, citing Chief Executive Officer Joep van Beurden. The shares fell 10.1 pence, or 2.3 percent, to 436 pence.

Debenhams Plc (DEB LN): TPG Inc. said it sold its 9 percent stake in the U.K.’s second-largest department-store company. The stock climbed 2.75 pence, or 3.4 percent, to 84.35 pence.

GlaxoSmithKline Plc (GSK LN): The U.K.’s largest drugmaker is scheduled to report results. The shares advanced 26.5 pence, or 2.2 percent, to 1,256.5 pence.

Goldshield Group Plc (GSD LN): AIT Investments Ltd. withdrew its offer for the U.K. drugmaker after Midas Bidco increased it cash offer to 485 pence a share. The stock rose 0.5 pence, or 0.1 percent, to 486 pence.

HSBC Holdings Plc (HSBA LN): The biggest foreign issuer of credit cards in the U.S. said defaults surged 48 percent in September as most of its largest competitors posted declines. The shares dropped 5.5 pence, or 0.8 percent, to 680.5 pence.

Prudential Plc (PRU LN): The U.K.’s biggest insurer said nine-month sales fell 9 percent to 2.02 billion pounds from the year-earlier period. The stock fell 3 pence, or 0.5 percent, to 610.5 pence.

Royal Bank of Scotland Group Plc (RBS LN): Britain’s biggest government-owned bank, Lloyds Banking Group Plc (LLOY LN), the U.K.’s biggest mortgage lender, and Northern Rock Plc will be broken up with parts sold to form three new banks, the Independent reported. Lloyds stock fell 5.5 pence, or 6.2 percent, to 83.84 pence. RBS shares dropped 3.615 pence, or 8.1 percent, to 40.805 pence.

Wolfson Microelectronics Plc (WLF LN): The Scottish maker of semiconductors said it lost $1.5 million in the third quarter, compared with a gain of $3.9 million in the year- earlier period. The shares declined 3 pence, or 2.4 percent, to 120 pence.

To contact the reporter on this story: Ben Martin in London at bmartin38@bloomberg.net.

Last Updated: October 28, 2009 03:44 EDT

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